[OFFICIAL] Ukraine Thread

[AtW]

Nevermind stock market - they'll surely freeze foreign currency deposits - for locals also because they central bank got maybe 20 bln cash on hand and depositrs run to 90 bln USD.

Run on a bank tomorrow for sure.

[Fraidycat]

Powerful explosion seen in Cherkasy, Ukraine

Mod note: This video was later proven fake.

[jamesbrown]

Russian Central bank put a block on foreigners trying to sell their Russian securities tomorrow

Hold my beer and watch this...

[jamesbrown]

Powerful explosion seen in Cherkasy, Ukraine

Ammo depo, probably.

[SueEllen]

Nevermind stock market - they'll surely freeze foreign currency deposits - for locals also because they central bank got maybe 20 bln cash on hand and depositrs run to 90 bln USD.

Run on a bank tomorrow for sure.

I thought it already been happening as people were trying to get dollars since the invasion.

[AtW]

I thought it already been happening as people were trying to get dollars since the invasion.

It's critical mass in the next few days - they were relaxed with central bank "having" 600 bln USD reserves, but now suddenly almost everything is blocked, they can't sell gold easy too

[jamesbrown]

The central bank measures were the financial nuclear option, much more so than SWIFT. For sure, that will hit hard, both in the short term (potential run on the banks, ruble crash) and the long-term (inability to import/export, hyperinflation etc.).

[AtW]

I just can't see them not having to freeze hard currency deposits - even in normal times a run on a bank would feck things up but right now they got no cash to pay out, plus cash is the only thing they've got (gold is illiquid, nobody will buy it and I am sure it was moved out of country anyway, so nothing actually in reserves).

I've lived through this tulip and it was FAR more favourable as there was no massive war, real sanctions, whole world finally hating this tulip - a million people in Moscow can turn it around, for their own sake

[jamesbrown]

They've got China, I suppose (about $60b there, apparently), but even Xi is calling for de-escalation.

In the mean time, Sberbank Europe is going tits up imminently according to the ECB.

Perhaps someone in the palace will do the necessary in due course.

[AtW]

They've got China, I suppose (about $60b there, apparently), but even Xi is calling for de-escalation.

A thermonuclear war is not very good for China's business.

A lot of missiles got delivered, and a lot lot more on their way - plus EU was quick to get old Soviet airplnes piloted by Ukrainian pilots and they are now there - fighers and ground attack planes, going to be a hot next 2-3 days, after that a period of reflection about useful idiots that played big role in having us at this crazy point.